Discussion: Describe the processes of internal and external environmental analysis. What would result if these strategic planning steps were omitted or completed incorrectly?
Describe the processes of internal and external environmental analysis. What would result if these strategic planning steps were omitted or completed incorrectly? Provide an example.
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NUR 621 Topic 6 DQ 2 Environment Analysis Sample
Strategic planning in healthcare companies depends critically upon assessing internal and external environments. The internal environment analysis estimates the resources, capabilities, culture, and performance needed to assess the strengths and weaknesses of an organization. It assesses financial resources, human capital, technology infrastructure, organizational structure, and operational efficiency (Utami & Setyawan, 2021). In contrast, external environmental studies are conducted on external factors that may influence the strategic direction and performance of the firm. This area dwells on market trends, competitive environment, legal environment, technological development, and socio-economic factors. PESTEL analysis effectively analyzes these external factors, entailing Political, Economic, Social, Technological, Environmental, and Legal analysis (Poltronieri, 2023). Besides PESTEL, healthcare cooperatives evaluate internal and external factors using environmental analysis matrices, such as MEFE (External Factor Evaluation Matrix) and MEFI (Internal Factor Evaluation Matrix) (Poltronieri, 2023). NUR 621 Topic 6 DQ 2 Environment Analysis The proper insight into the organization’s strategic direction may be determined with the assistance of these matrices.
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The inappropriate application of these strategic planning techniques can significantly influence healthcare organizations. Utami and Setyawan (2021) hold that an organization lacking the proper knowledge of its internal capacities and external problems can make a wrong decision, spend unnecessary funds, overlook opportunities, and manage threats inappropriately. Similarly, Lal (2020) proposes understanding these environments to gain potential advantages and barriers to enhancing teacher assets. If this perspective is applied to healthcare,NUR 621 Topic 6 DQ 2 Environment Analysis if the hospital does not conduct detailed external research, then it would lack knowledge regarding the evolving breakthroughs in healthcare or the changing preferences of patients.
Moreover, poor internal analysis can lead to overestimating the organization’s capability, hence setting too high and unrealistic strategic goals. As Lal (2020) pointed out, poor resource allocation, diminished worker morale, and poor patient care are some outcomes of strategy goals if they do not conform to organizational realities. Hence, in strategic planning in healthcare, detailed and thorough internal and external environment analyses are required to allow decision-making, efficient resource use, and long-term continuous success of the organization.
NUR 621 Topic 6 DQ 2 Environment Analysis References
Lal, M. (2020). Why you need a nursing strategic plan. JONA: The Journal of Nursing Administration, 50(4), 183–184. https://doi.org/10.1097/nna.0000000000000863
Poltronieri, S. M. (2023). Matrix of internal and external factors in the strategic planning of a health cooperative. International Journal of Advanced Research, 11(11), 79–86. https://doi.org/10.21474/IJAR01/17804
Utami, K. P., & Wening, N. (2021). A review of environmental screening on strategic formulation in health care sector. Indian Journal of Forensic Medicine & Toxicology, 15(4), 59–64. https://doi.org/10.37506/ijfmt.v15i4.16929 NUR 621 Topic 6 DQ 2 Environment Analysis
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